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Central Banks
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» Bank of Cape Verde |
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Bank of
Cape Verde
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The Bank of
Cape Verde (Portuguese: Banco de Cabo Verde) is the Central Bank of the
Republic of Cape Verde, and as such have the powers to ensure and regulate
the creation, circulation and value of national currency. It is located in
the national capital of Praia on Santiago in Cape Verde. |
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The Bank's mission is to maintain the price stability in the
field of currency, credit and foreign exchange, the conditions most
conducive to an orderly development of the economy. The primary role of Bank
of Cape Verde is to supervised and control of various institutions operating in money
markets and financial sector including insurance and capital markets.
The Bank of
Cape Verde to perform the following additional functions:
 advising the
Government on matters of financial nature; |
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independently run monetary policy
and exchange rate in Cape Verde;
collaborate
with the Government in setting monetary policy and exchange aiming to
achieve and maintain price stability; and
hold and
manage the official foreign exchange reserves of the country and act as an
intermediary in international monetary relations of the State.
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Bank of Cape Verde |
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HQ
Address: |
Avenida Amilcar Cabral
117
Praia
Cape Verde |
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Telephone: |
+238 61 55 29 |
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Facsimile: |
+238 61 44 47 |
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Website: |
www.bcv.cv |
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Currency: |
Escudo |
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Banking Hours: Mon - Fri : 0800 - 1500 |
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